Twenty kilogram gold and silver bricks sit at the ABC Refinery smelter in Sydney, New South Wales, Australia, on Thursday, July 2, 2020.
Gold eased from a two-week high on Thursday as investors booked profits after prices jumped in the previous session on hopes of a massive U.S. stimulus package under the new Joe Biden administration.
Spot gold fell 0.1% to $1,868.20 per ounce by 0110 GMT, after hitting its highest since Jan. 8 at $1,871.75 earlier in the session.
U.S. President Joe Biden signed a string of executive orders, shortly after being sworn in on Wednesday to jump-start the government's response to the coronavirus pandemic.
Gold is considered a hedge against inflation that can result from stimulus measures.
Gold, Joe Biden, Bullion
ABC Refinery, United, World Health Organization, European Central Bank
Sydney , New South Wales, Australia, ., Britain